Social Fund reform feasibility study

"No one Written off: reforming welfare to reward responsibility" explained the intention to explore the scope for the Social Fund budgeting loans scheme to provide more effective help to allow more people to overcome financial exclusion. Read more about this in
Chapter 6 (264KB) of the “No one written off” consultation document.

Following the announcement in the Financial Inclusion Action Plan published by HM Treasury in December 2007, DWP commissioned KPMG to undertake a financial practical feasibility study into whether the private and third sectors can be brought into partnership with the Government in delivering a reformed Social Fund budgeting loans scheme. The study explored possible models for an alternative loans scheme which would also help people on low income access a range of other financial services such as financial advice.

The findings from the feasibility study are published in the report below.

• Social Fund Reform – Feasibility Study (517KB)
• Social Fund Reform – Feasibility Study Appendices (198KB)